Master TDS & TCS Provisions with Critical Issues. Register Now!

GST on agent / broker

Keval Mahendra Muni (28 Points)

29 June 2017

how is GST applicable in case of agents/ broker in any trade. is there any exemption limit applicable to them?

Reply
Follow
Share

4 Replies

Preeti (Team_GSTSoln) (Team GST Experts) (1926 Points)
Replied 29 June 2017

agents /broker under agricultural produce are xempt

Upgrade to CAclubindia Pro. Subscribe Now!

Keval Mahendra Muni (28 Points)
Replied 29 June 2017

what about brokers in other industries. as per my understanding any person having a single rupee of commission or brokerage income will have to register under GST. please guide

Preeti (Team_GSTSoln) (Team GST Experts) (1926 Points)
Replied 29 June 2017

yes agents have to mandatorily get register

1 Like

ashwin (na) (50 Points)
Replied 29 June 2017

Sorry to post in another persons thread, but I also have a similar query. Here is a scenario. I book vacation packages. All payments are collected directly by the company for whom I sell the packages. In return, once a sale concludes the travel company sends me some commission. I only get a small amount in commissions. So in that case, do I need to register for GST? Is it mandatory? My income from such commissions will not cross the threshold limits of 20 lakhs. Thanks.